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Non-Tech : The Critical Investing Workshop

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To: Jim Willie CB who wrote (10393)	4/1/2000 8:30:00 PM
From: pinhi	Read Replies (1) of 35685

Jim, you may be aware of another pattern similar to a cup & handle known as saucer & handle. Major difference being the depth of the corrective portion of the chart. Obviously a saucer would be shallower. It has been said that the saucer & handle pattern is more explosive than the cup & handle. Both healthy consolidation patterns after big up moves. We'll see. I feel very good about QCOM in here. On a side note, QQQ came down and touched but never violated it's 50 DMA. A lot of tech/internet stocks have decisively violated 50 DMA. What does this mean? I dunno except "higher quality" "old techs" dominate QQQ i.e SUNW, ORCL, etc. They hardly budged last week and Qualcom was actually up. Maybe Barrons article (which contained a fair amount of crap) on cash burn rates is causing some money managers to go "up in Quality" like bond managers do with credit quality during economic slowdowns. I think all the Stars may be Aligning for the mighty Q. I think it will be alot of fun being a QCOM shareholder. We shall see, Pinhi

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